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Trustmark Foundation at a glance

· Private foundation

Trustmark Foundation

Its FY2025 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$1.8M
Granted FY2025still arriving
231
Grants FY2025still arriving
32
States reached
$178k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
05Through PlinthRead
01What it funds
0198% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2020 to 2025.

Human Services$1.5MHealth$1.4MEducation$1.1MPhilanthropy$1.1MFood & Nutrition$912kYouth Development$661kHousing & Shelter$542kCrime & Legal$451kOther$0
02FY2025 · 231 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • Under $10k185 grants · $477k
  • $10k–50k41 grants · $859k
  • $50k–250k5 grants · $488k
$2,500
Median grant
32
States reached
$15M
Total assets
Largest grants
RecipientAmount
Scholarship America$177,500
United Way of Lake County$150,000
Northern Illinois Food Bank$60,000
VEAP$50,000
A Safe Place$50,000
CASA Lake County$45,000
Lake County Haven$45,000
Youth and Family Counseling$40,000
OMNI Youth Services$35,000
Lambs Farm$35,000
Mothers Trust Foundation$35,000
Willow House$30,000
Bernies Book Bank$30,000
Beacon Place$30,000
Boys and Girls Club of Lake County$30,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY20–25, $1.3M) land where the poverty rate runs at 9%, against an area that typically sits at 10%. 19% of those dollars go to grantees based in above-average-need neighborhoods. Its grants skew toward lower-need ZIPs.

area typical 10%Hoffman Homes inc: $10k → 9%HomePlate Youth Services: $10k → 8%Lake County Center for Independent Living: $20k → 8%HomePlate Youth Services: $10k → 8%Lake County Center for Independent Living: $10k → 8%HEARTSTRINGS COMMUNITY FOUNDATION: $10k → 5%Pioneer Center for Human Services: $10k → 6%LAKE COUNTY CENTER FOR INDEPENDENT: $10k → 8%Lake County Center for Independent Living: $10k → 8%Lake County Center for Independent Living: $10k → 8%Kenosha Human Development Services: $10k → 10%Kenosha Human Development Services: $10k → 10%Kenosha Human Development Services: $10k → 10%Kenosha Human Development Services: $10k → 10%Beacon Place: $30k → 8%Beacon Place: $30k → 8%BEACON PLACE: $26k → 8%Beacon Place: $25k → 8%BEACON PLACE: $25k → 8%Beacon Place: $25k → 8%Cool Ministries: $10k → 8%Keeping Families Covered: $25k → 8%Keeping Families Covered: $15k → 8%CARPLS: $10k → 14%Youth and Family Counseling: $40k → 8%Youth and Family Counseling: $30k → 8%Youth and Family Counseling: $30k → 8%YOUTH FAMILY COUNSELING: $28k → 8%Youth Family Counseling: $28k → 8%YOUTH FAMILY COUNSELING: $27k → 8%Equestrian Connection: $10k → 8%Equestrian Connection: $10k → 8%Journeys the Road Home: $25k → 14%OMNI Youth Services: $35k → 8%Journeys the Road Home: $10k → 14%JOURNEYS - The Road Home: $10k → 14%Omni Youth Services: $25k → 8%Omni Youth Services: $25k → 8%Omni Youth Services: $20k → 8%OMNI YOUTH SERVICES: $20k → 8%OMNI YOUTH SERVICES: $20k → 8%Mothers Trust Foundation: $35k → 8%Mothers Trust Foundation: $35k → 8%MOTHERS TRUST FOUNDATION: $30k → 8%Mothers Trust Foundation: $30k → 8%MOTHERS TRUST FOUNDATION: $25k → 8%Mothers Trust Foundation: $25k → 8%Fill A Heart Kids: $15k → 8%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

ME
VT
NH
ID
MT
ND
MN
IL
WI
MI
NY
MA
OR
WY
IA
IN
OH
PA
NJ
CT
RI
CA
CO
NE
MO
KY
VA
MD
AZ
NM
KS
AR
TN
NC
SC
DC
HI
OK
LA
AL
GA
TX
FL
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

86%of every dollar goes to organizations it has funded before.
$7.3M · 261 repeat orgs$1.2M to everyone else

Grantees it renews have grown median revenue +19% since the first grant, against +6% for those funded once.

261 repeat relationships: 117 still active in FY2025, 144 since wound down; 92 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

261
276

Total granted

$7.3M
$887k

Median revenue growth · since first grant

+19%
+6%

Still filing today

69%
50%

New vs renewed · share of each year

In FY2025, 82% of grant dollars renewed an existing relationship; $335k went to new ones.

50%100%’20’21’22’23’24’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’20’21’22’23’24’25
Human ServicesHealthPhilanthropyEducationAnimalsFood & NutritionOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • NI
    NORTHERN ILLINOIS FOOD BANK
    6× · 2020–2025 · $260k · revenue +8%
  • LC
    LAKE COUNTY CRISIS CENTER
    6× · 2020–2025 · $215k · revenue +153%
  • YA
    YOUTH AND FAMILY COUNSELING
    6× · 2020–2025 · $187k · revenue +48%

Funded once

  • FC
    FAVORITE CHARITIES PROGRAM
    one grant, 2020 · $99k
  • CC
    Catholic Charities Lake Co
    one grant, 2022 · $25k
  • G
    GLASA
    one grant, 2023 · $15k
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Lifeworks Services Inc

Lifeworks' mission is to partner with people with disabilities to drive change by increasing opportunity and access in the community.

Human Services
2
Homeward Bound Inc

Providing innovative and life-enriching services for children, adolescents, and adults with disabilities.

Human Services
3
Goodwill Industries of Northern Il and Wi Stateline Area Inc

The mission of goodwill is to create opportunities for individuals with barriers to enhance their lives. barriers include physical or mental disabilities, lack of education and job preparation, socio-economic disadvantages, and others.…

—
4
Community Care Health Plan Inc

Community care health plan's mission is to develop and demonstrate innovative, flexible, community-based approaches to care for at-risk adults, in order to optimize their quality of life and optimize the allocation of community resources.

Health
5
United Children's Services of Bennington County Inc

Children's services

Human Services
6
Wayside House Inc

Our mission is to break the cycle of addiction and trauma for women, children, and families.

—
7
Marrakech Inc

Provides person-centered and inclusive services to children and adults with and without disabilities that includes securing employment, connecting to necessary supportive services, accessing housing and participating fully as contributing…

Employment
8
New Hope Services Inc

Provide services in response to individual need

Human Services
9
Alternatives Inc

Alternatives, inc.'s mission is to facilitate personal development,strengthen family relationships and enhance the community's well being. serving over 3,000 youth and families annually, the organization offers a range of counseling and…

Health
10
Union Health System

To serve our communities by provding innovative and compassionate healthcare.

Health
11
Opportunity Partners

Mission: together we advance the quality of life for people with disabilities. vision: people of all abilities thrive in the world. values: impact- generate solutions that make a difference. choice - create opportunities for people to lead…

Employment
12
Northern Illinois Blood Bank Inc D/B/a Rock River Valley Blood Center

Rock river valley blood center, in partnership with our community, is dedicated to providing safe, high value blood products and services to people in need.

Health
How this is measured
The grantee most central to the portfolio’s shape is Make-a-Wish Foundation of America; the most unlike its peers is Full Circle Foundation. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

388 grantees tracked through their own filings, 2017–2026.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2026, not grant rows in a single year, so this will not match the grant count on the cover. 388 of the 637 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

1
Load-bearing (≥25% of a budget)
67
Early backer (in before they grew)
382/388
Grantees still filing
231/388
Grew since first funded

Where the money sits, by cause and then by grantee

Scholarship America: $699,475 · OtherScholarship AmericaLAKE COUNTY CRISIS CENTER: $215,000 · OtherLAKE COUNTY CRISIS CENTERVEAP Inc: $192,696 · OtherCASA LAKE COUNTY INC: $185,000 · OtherWILLOW HOUSE: $165,250 · Other+108 more: $2,454,368 · Other+108 moreYOUTH AND FAMILY COUNSELING: $186,837 · Human ServicesYOUTH AND FAMILY …Mothers Trust Foundation: $180,250 · Human ServicesMothers Trust Fou…The Beacon Place NFP: $162,020 · Human ServicesThe Beacon Place …OMNI YOUTH SERVICES INCORPORATED: $145,000 · Human ServicesOMNI YOUTH SERVIC…LAKE COUNTY CENTER FOR INDEPENDENT LIVING: $65,000 · Human ServicesLAKE COUNTY CENTE…KEEPING FAMILIES COVERED: $63,700 · Human ServicesPADS TO HOPE DBA-JOURNEYS THE ROAD HOME: $56,981 · Human ServicesFILL A HEART 4 KIDS: $45,000 · Human Services+21 more: $297,497 · Human Services+21 moreUNITED WAY OF LAKE COUNTY INC: $904,104 · PhilanthropyUNITED WAY OF L…CHILDREN'S HEART FOUNDATION: $41,700 · Philanthropy+6 more: $103,855 · Philanthropy+6 moreNORTHERN ILLINOIS FOOD BANK: $259,948 · Food & NutritionFeeding America: $79,500 · Food & NutritionFORGOTTEN HARVEST INC: $30,000 · Food & NutritionGREATER CHICAGO FOOD DEPOSITORY: $24,376 · Food & NutritionGLEANERS COMMUNITY FOOD BANK OF SOUTHEASTERN MICHIGAN: $23,500 · Food & NutritionFOOD BANK OF IOWA: $22,537 · Food & NutritionMEALS ON WHEELS PEOPLE INC: $20,000 · Food & Nutrition+3 more: $27,500 · Food & NutritionNorth Chicago Community Partners: $112,500 · EducationFoundation for Special Education District of Lake County: $75,000 · EducationTHE ACTUARIAL FOUNDATION: $69,749 · EducationCollege of Lake County Foundation: $50,000 · EducationOASIS FOR ORPHANS: $22,640 · Education+7 more: $61,700 · EducationGREAT LAKES ADAPTIVE SPORTS ASSOCIATION: $50,000 · HealthSUBSTANCE ABUSE SERVICES INC: $40,000 · HealthPATRICK SCHOONOVER HEART FOUNDATION: $30,000 · HealthErie Family Health Center Inc: $27,500 · HealthTHE JOSSELYN CENTER NFP: $25,000 · HealthKEYSTONE HUMAN SERVICES: $20,000 · HealthALZHEIMER'S DISEASE & RELATED DISORDERS ASSOCIATION INC: $19,331 · HealthThe Skylight Foundation: $15,000 · HealthPINK RIBBON GOOD INC: $15,000 · HealthMadis House Inc: $12,500 · HealthCOMPASS TO CARE: $12,500 · Health+11 more: $89,672 · HealthTHE LAKE COUNTY HAVEN: $185,000 · Housing & ShelterREBUILDING TOGETHER NORTH SUBURBAN CHICAGO: $37,500 · Housing & ShelterWINGS PROGRAM INC: $30,000 · Housing & ShelterACTS COMMUNITY DEVELOPMENT CORPORATION: $17,700 · Housing & ShelterSister Jose Women's Center: $10,000 · Housing & ShelterPATH HOME: $10,000 · Housing & Shelter
Other$3,911,789Human Services$1,202,285Philanthropy$1,049,659Food & Nutrition$487,361Education$391,589Health$356,503Housing & Shelter$290,200

Showing the 200 largest grantees by grant value.

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$100k$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetUNITED WAY OF LAKE COUNTY INC: $904,104 over 6y, 3.3% of budgetNORTHERN ILLINOIS FOOD BANK: $259,948 over 6y, 0.0% of budgetLAKE COUNTY CRISIS CENTER: $215,000 over 6y, 0.6% of budgetVEAP Inc: $192,696 over 6y, 0.3% of budgetYOUTH AND FAMILY COUNSELING: $186,837 over 6y, 1.9% of budgetCASA LAKE COUNTY INC: $185,000 over 6y, 1.8% of budgetTHE LAKE COUNTY HAVEN: $185,000 over 6y, 1.9% of budgetMothers Trust Foundation: $180,250 over 6y, 3.4% of budgetWILLOW HOUSE: $165,250 over 6y, 5.7% of budgetThe Beacon Place NFP: $162,020 over 6y, 4.0% of budgetOMNI YOUTH SERVICES INCORPORATED: $145,000 over 6y, 0.3% of budgetBERNIE'S BOOK BANK: $123,228 over 6y, 0.4% of budgetTHE LAMBS FARM INC: $120,000 over 6y, 0.2% of budgetNorth Chicago Community Partners: $112,500 over 6y, 0.7% of budgetZACHARIAS SEXUAL ABUSE CENTER: $110,000 over 6y, 1.2% of budgetNICASA NFP: $100,000 over 6y, 0.3% of budgetALLENDALE ASSOCIATION: $85,866 over 6y, 0.1% of budgetFeeding America: $79,500 over 4y, 0.0% of budgetFoundation for Special Education District of Lake County: $75,000 over 6y, 3.2% of budgetTHE ACTUARIAL FOUNDATION: $69,749 over 6y, 0.5% of budgetLAKE COUNTY CENTER FOR INDEPENDENT LIVING: $65,000 over 6y, 1.4% of budgetKEEPING FAMILIES COVERED: $63,700 over 5y, 3.0% of budgetLEGAL AID CHICAGO: $57,500 over 6y, 0.1% of budgetPADS TO HOPE DBA-JOURNEYS THE ROAD HOME: $56,981 over 4y, 1.0% of budgetBoys & Girls Club of Lake County: $55,000 over 2y, 0.6% of budgetGREAT LAKES ADAPTIVE SPORTS ASSOCIATION: $50,000 over 4y, 1.2% of budgetCollege of Lake County Foundation: $50,000 over 6y, 0.4% of budgetNORTH SUBURBAN LEGAL AID CLINIC: $45,388 over 3y, 0.4% of budgetFILL A HEART 4 KIDS: $45,000 over 3y, 2.7% of budgetFAMILY SERVICE OF LAKE COUNTY: $45,000 over 3y, 1.2% of budgetCHILDREN'S HEART FOUNDATION: $41,700 over 5y, 0.4% of budgetSUBSTANCE ABUSE SERVICES INC: $40,000 over 3y, 0.6% of budgetKENOSHA HUMAN DEVELOPMENT SERVICES INC: $40,000 over 4y, 0.1% of budgetBIG BROTHERS-BIG SISTERS OF METROPOLITAN CHICAGO: $37,500 over 4y, 0.2% of budgetREBUILDING TOGETHER NORTH SUBURBAN CHICAGO: $37,500 over 4y, 2.2% of budgetWINGS PROGRAM INC: $30,000 over 2y, 0.1% of budgetFORGOTTEN HARVEST INC: $30,000 over 3y, 0.0% of budgetPATRICK SCHOONOVER HEART FOUNDATION: $30,000 over 5y, 16% of budgetHUNGER TASK FORCE INC: $29,250 over 3y, 0.0% of budgetLEGAL AID OF NORTH CAROLINA INC: $27,500 over 3y, 0.0% of budgetErie Family Health Center Inc: $27,500 over 3y, 0.0% of budgetBOYS & GIRLS CLUBS OF SOUTHEASTERN MICHIGAN: $27,500 over 3y, 0.1% of budgetHAVE DREAMS: $26,300 over 6y, 0.3% of budgetMELS CHARITIES INC: $25,105 over 6y, 3.1% of budgetGIVE N KIND: $25,000 over 2y, 0.1% of budgetTHE JOSSELYN CENTER NFP: $25,000 over 1y, 0.1% of budgetGREATER CHICAGO FOOD DEPOSITORY: $24,376 over 3y, 0.0% of budgetHendrick Family Foundation: $24,000 over 2y, 6.5% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

  • Who funds UNITED WAY OF LAKE COUNTY INC ↗
  • Who funds NORTHERN ILLINOIS FOOD BANK ↗
  • Who funds LAKE COUNTY CRISIS CENTER ↗
  • Who funds VEAP Inc ↗
  • Who funds YOUTH AND FAMILY COUNSELING ↗
  • Who funds CASA LAKE COUNTY INC ↗
  • Who funds THE LAKE COUNTY HAVEN ↗
  • Who funds Mothers Trust Foundation ↗
  • Who funds WILLOW HOUSE ↗
  • Who funds The Beacon Place NFP ↗
  • Who funds OMNI YOUTH SERVICES INCORPORATED ↗
  • Who funds BERNIE'S BOOK BANK ↗
  • Who funds THE LAMBS FARM INC ↗
  • Who funds North Chicago Community Partners ↗
  • Who funds ZACHARIAS SEXUAL ABUSE CENTER ↗
  • Who funds NICASA NFP ↗
  • Who funds ALLENDALE ASSOCIATION ↗
  • Who funds Feeding America ↗
  • Who funds Foundation for Special Education District of Lake County ↗
  • Who funds THE ACTUARIAL FOUNDATION ↗
  • Who funds LAKE COUNTY CENTER FOR INDEPENDENT LIVING ↗
  • Who funds KEEPING FAMILIES COVERED ↗
  • Who funds LEGAL AID CHICAGO ↗
  • Who funds PADS TO HOPE DBA-JOURNEYS THE ROAD HOME ↗
  • Who funds Boys & Girls Club of Lake County ↗
  • Who funds GREAT LAKES ADAPTIVE SPORTS ASSOCIATION ↗
  • Who funds College of Lake County Foundation ↗
  • Who funds NORTH SUBURBAN LEGAL AID CLINIC ↗
  • Who funds FILL A HEART 4 KIDS ↗
  • Who funds FAMILY SERVICE OF LAKE COUNTY ↗
  • Who funds CHILDREN'S HEART FOUNDATION ↗

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

The Lake County Commu…Baxter International …United Way of Lake Co…Northwestern Memorial…John and Kathleen Sch…George M Eisenberg Fo…Circle of Service Fou…AbbVie FoundationUnited Way of Metropo…First Bank Chicago Fo…Give N KindThe Grainger Foundati…
The Lake County Community FoundationIL62.4× affinity29 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: The Lake County Community Foundation · Baxter International Foundation · United Way of Lake County Inc · Northwestern Memorial HealthCare Group · John and Kathleen Schreiber Foundation D/B/A Schreiber Philanthropy · George M Eisenberg Foundation for Charities · Circle of Service Foundation · AbbVie Foundation · United Way of Metropolitan Chicago Inc · First Bank Chicago Foundation · Give N Kind · The Grainger Foundation Inc

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Trustmark Foundation funds: left to right is the share of its income from government, bottom to top the share from Trustmark Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 70%1%5%11%20%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →median 2%
  • Pernet Family Health Service Inc: 52% of income from government
  • Save the Children Federation Inc: 30% of income from government
  • Homeplate Youth Services: 17% of income from government
  • The Carroll Center for the Blind Inc: 3% of income from government
  • Artsworcester Inc: 2% of income from government
  • Boys and Girls Club of Worcester Inc: 2% of income from government
  • Worcester County Food Bank Inc: 1% of income from government
  • Greater Worcester Community Foundation Inc: 1% of income from government
  • Wounded Warrior Project Inc: 0% of income from government
no gov moneyreceives it· size = income
7get no government money at all
61report government grants on their 990 we could not trace to a source (not plotted)
1rely on government for over half their income
typical government reliance, FY20–25
How this is measured
Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.
05Through Plinth

Warm introductions · Powered by PlinthPlus

How do I get to Trustmark Foundation?

Find your warmest path to Trustmark Foundation through trustees and officers whose names appear on both boards. Search for your organization and Plinth traces the shortest route it can evidence.

Each link is a name appearing on two organizations’ public IRS 990 filings, matched on that name and, where the filings support it, on location. A same-state match has geographic support, which is a second matching feature rather than confirmation that the two are one person; a cross-state one is the likeliest to be two people who share a name. Every hop shows its tier, low-confidence and distant paths are held back rather than guessed, and it is worth confirming the person before you use the introduction.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 637 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990-PF e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

Play a game based on Trustmark’s filings →

More from the funding graph

The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home